21 Feb 2025 Global Index Futures

 Crude, Gold, Dow, S&P 500 and Nasdaq

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E-Mini Dow

Wall Street's main indices fell on Thursday, with the S&P 500 off record highs as a sell-off in heavyweight retailer Walmart and tech firm Palantir hit investor sentiment, while the market assessed latest tariff threats from US President Donald Trump.

Walmart slid 6% after the world's largest retailer forecast sales and profit for the fiscal year ending January 2026 below analysts' estimates, as it anticipates inflation-weary consumers to pull back after several quarters of solid growth.

On Thursday, data showed that the number of Americans filing new applications for unemployment benefits increased moderately last week, suggesting that the labour market remained on solid ground.

(News Source: The Edge)

Plan A: Long only if market retraced but supported firm above 44,192. Targets around 44,406/44,529.

Plan B: Sell only if market failed to support above 44,529. Targets around 44,192/43,972.

E-Mini S&P500

US stocks pulled back on Thursday as investors scrutinized Walmart's outlook and assessed the impact of President Trump's planned tariffs and policy shifts.

The Dow Jones Industrial Average fell roughly 450 points, or around 1%. The S&P 500 dropped 0.5%, pulling back after its second record close in a row on Wednesday, while the tech-heavy Nasdaq Composite also lost about 0.5%.

Worries grew about coming headwinds for corporate America after Walmart beat on quarterly profit but issued cautious 2026 fiscal year guidance. Shares of the retail giant tumbled more than 6%. Walmart's decline combined with more roughly 4% drops in Goldman Sachs and JPMorgan weighed on the Dow.

(News Source: Yahoo Finance)

Plan A: Short if prices failed to support above 6,146. Targets around 6,121/6,104.

Plan B: Long only if prices are well supported above 6,146. Targets around 6,163/6,183.

E-Mini Nasdaq

U.S. stocks sold off on Thursday as ongoing tariff jitters and a downbeat forecast from Walmart dampened investor risk appetite.

A broad selloff pulled all three major U.S. stock indexes into negative territory, with the blue-chip Dow suffering the steepest loss, shedding 1.01%. The S&P 500 snapped its two-day string of record closing highs.

The Nasdaq Composite lost 93.89 points, or 0.47%, to 19,962.36. On the Nasdaq, 1,617 stocks rose and 2,734 fell as declining issues outnumbered advancers by a 1.69-to-1 ratio.

Recent economics data, including jobless claims and Atlantic region factory activity, suggested that the U.S. economy is in solid shape for now, in line with recent comments by Federal Reserve policymakers.

(News Source: Reuters)

Plan A: Long only if market retraced but supported firm above 21,904. Targets are 22,287/22,427. Place a reasonable stop order based on the assessment of the risk and reward ratio.

Plan B: Short only if prices failed to support above 21,904. Targets are 21,669/21,370.  Place a reasonable stop order based on the assessment of the risk and reward ratio.

WTI Crude Oil

WTI crude oil futures held above $72 per barrel on Friday, set for its best week since early January amid rising supply uncertainty. Early in the week, Russia reported a 30%-40% drop in oil flows through the Caspian Pipeline Consortium, a key Kazakh crude export route, following a Ukrainian drone attack on a pumping station.

Meanwhile, the resumption of exports from Iraq’s Kurdistan region remained unclear, as Turkey, which operates the Ceyhan port, had yet to receive confirmation from Iraq as of Thursday. Additionally, OPEC+ delegates suggested delaying supply increases, citing a fragile market and past struggles to meet output reduction targets. Nevertheless, oil prices faced downward pressure from the prospect of easing US-Russia tensions and potential peace talks on the Russia-Ukraine war, which could eventually reduce sanctions on Russia and fully restore its oil exports.

(News Source: Tradingeconomics)

Plan A: Consider short if market rebounded but resilient to 72.74. Targets are 72.35/72.02.

Plan B: Long only if prices retraced but supported firm above 72.02. Targets are 72.35/72.75.

US Gold

Gold surged above $2,950 per ounce on Thursday, reaching a new record high as sustained safe-haven demand grew amid global uncertainties. Since taking office, Trump has imposed a 10% tariff on Chinese imports and a 25% tariff on steel and aluminum. He recently announced plans for additional tariffs on lumber, cars, semiconductors, and pharmaceuticals, further escalating global trade tensions.

Meanwhile, the latest FOMC minutes highlighted policymakers' concerns that trade policy shifts, including higher tariffs, could intensify inflationary pressures, reinforcing expectations of an extended pause on rate cuts. While gold is a traditional hedge against inflation, higher interest rates can reduce its appeal as a non-yielding asset. Adding to geopolitical risks, Trump referred to Ukrainian President Volodymyr Zelenskiy as a “dictator” and urged him to act swiftly to secure peace, warning of potential risks to his country.

(News Source: TradingEconomics)

Plan A: Consider long only if market retraced but supported firm above 2,942. Targets at 2,964/2,981.

Plan B: Short only if market resilient to 2,964. Targets are 2,935/2,911.

Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of the investment.